Practice Capacity (2.4) - General Principles of Contracts Management - Professional Practice, Law and Ethics

Practice: Capacity

Lesson 2.4General Principles of Contracts Management

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9 questions

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3 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is 'capacity' in the context of contracts?
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Think about who can legally sign contracts.
Question 2.
Name one condition that can disqualify a person from entering a contract.
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Consider age limits.
3Question 3.
What is the primary requirement for capacity in contract law?
- Legal Age
- Self-interest
- Profitability
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Consider the age when individuals gain legal responsibilities.
4Question 4.
True or False: Contracts signed by minors are automatically valid.
- True
- False
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Reflect upon the conditions necessary for a valid contract.
Question 5.
Consider a person who has just turned 18 but is under the influence of medication. Can they enter a binding contract? Discuss the implications.
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Think about the capacity requirements.
Question 6.
A parent signs a contract on behalf of their 17-year old child for a car. Under what circumstances might this contract be enforceable or unenforceable?
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Reflect on the nature of contracts involving minors.

5 more questions in this section. Enroll free to practise them all.